and, finally, and FOR SURE, the Secret jickiss doolar-gold Indicator has finally broken Down. This breakdown of the Secret Indicator is now posted for the first time in quite a while, so that you may now get ready for

These are the Most Dangerous Times of all, for the Morans still thimk that everything is going to be OK.

In fact, them at the very pinnacle have Cash. Got that? Not bonds, but, rather, CASH.

The breakdown of the Secret jickiss doolar gold indicator now opens the door to the eventual default on the Bonds of the us. The Cash will make it, as the doolar will be retained. Why, you may ask? For the very basic reason that Morans have virtually -0- Dollars. Instead, the Morans are Reaching for any basis points of yield they can grab. Total fools.

The sheeple are being lead into a Box Canyon, from which the rat-tat-tat will be the echos of the slaughter. The plan is to drop everything by 95%, to default on the bonds, and then to make available the whole deal (the whole usa) for free to them that have CASH.

Prechter will be right about CASH.Mr. Sinclair will be right about gold and silver and miners and miners related.

There are Acres of Diamonds ahead. to pick up the virtually free diamonds, you will only need CASH and Gold and Silver and Miners and Miners related.

For the first time since the 1920s the capacity-to-pay principle is being made the explicit legal basis for international debt service. The amount to be paid is to be limited to a specific proportion of the growth in Iceland’s GDP (on the assumption that this can indeed be converted into export earnings). After Iceland recovers, the payment that the Treasury guarantees for Britain for the period 2017-2023 will be limited to no more than 4 per cent of the growth of GDP since 2008, plus another 2 per cent for the Dutch. If there is no growth in GDP, there will be no debt service. This means that if creditors take punitive actions whose effect is to strangle Iceland’s economy, they won’t get paid.

Iceland promises to be merely the first sovereign nation to lead the pendulum swing away from an ostensibly “real economy” ideology of free markets to an awareness that in practice, this rhetoric turns out to be a junk economics favorable to banks and global creditors.

I expect this to be the portent of things to come...

Nice....So if we can apply this to J6P.....if J6P loses his job and can't pay for his house or his credit cards or his car payment or his kids tuition etc...he gets to keep the house and "stuff" and pay something to his creditors but if they attempt to extract what he REALLY owes then they get nothing.....Wow, can I get the same deal?

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Nice....So if we can apply this to J6P.....if J6P loses his job and can't pay for his house or his credit cards or his car payment or his kids tuition etc...he gets to keep the house and "stuff" and pay something to his creditors but if they attempt to extract what he REALLY owes then they get nothing.....Wow, can I get the same deal?

Oh Yeah! This was at the country level, just wait till the fractal filters down to J6P, not only in Eastern Europe, but then spreads elseware.

We're talkin' the "R" word here.

Don't look too close...The current WeathaIn mathematics you don't understand things. You just get used to them. Johann von NeumannWe're all frinkin' doomed The Mogambo GuruIn the long run, we're all dead John Maynard KeynesIf voting changed anything, they'd make it illegal Emma GoldmanTime flies like an arrow; fruit flies like a banana G. Marx

For the first time since the 1920s the capacity-to-pay principle is being made the explicit legal basis for international debt service. The amount to be paid is to be limited to a specific proportion of the growth in Iceland’s GDP (on the assumption that this can indeed be converted into export earnings). After Iceland recovers, the payment that the Treasury guarantees for Britain for the period 2017-2023 will be limited to no more than 4 per cent of the growth of GDP since 2008, plus another 2 per cent for the Dutch. If there is no growth in GDP, there will be no debt service. This means that if creditors take punitive actions whose effect is to strangle Iceland’s economy, they won’t get paid.

Iceland promises to be merely the first sovereign nation to lead the pendulum swing away from an ostensibly “real economy” ideology of free markets to an awareness that in practice, this rhetoric turns out to be a junk economics favorable to banks and global creditors.

I expect this to be the portent of things to come...

Most interesting...

I recall that in the height of the panic the IMF was out shoveling billions of fresh ethercredits down the throats of precipice nations, especially the ones that were post-Soviet. I also recall the IMF stuck severe restrictions on what the moneys could be used for, especially not one penny for economic stimulus plans, like "cash for carts and burrows...and Ladas"

Iceland could well embolden these nations who were forced to take this money to take steps to ensure that their GDP doesn't get loaded onto a barge with nothing coming in return, like the African and South American countries experienced in the 1970's and '80's.

No doubt the post-Soviet countries are watching, along with Latin American, African and other sovereign debtors whose growth has been stunted by the predatory austerity programs that IMF, World Bank and EU neoliberals imposed in recent decades.

A new era indeed...I'll believe it when I see it. I'm sure Count Chocula at the IMF is stewing up some retoric whilst tuning up the medieval torture devices in the dungeon to inflict upon the globe.

Anthony caused pearls to be dissolved in wine to drink the health of Cleopatra; Sir Richard Whittington was as foolishly magnificent in an entertainment to King Henry V; and Sir Thomas Gresham drank a diamond, dissolved in wine, to the health of Queen Elizabeth, when she opened the Royal Exchange; but the breakfast of this roguish Dutchman was as splendid as either. He had an advantage, too, over his wasteful predecessors: their gems did not improve the taste or the wholesomeness of their wine, while his tulip was quite delicious with his red herring.here

For all of you who were around then and shoulda, woulda, coulda went there:

http://www.youtube.com/v/C2bGUeDnqPY.swf

Me, I was in Philly (Doyle's Alley, right near the Main Point in Bryn Mawr), roomate and I said Ah, it won't be anything.

Stayed home...

Don't look too close...The current WeathaIn mathematics you don't understand things. You just get used to them. Johann von NeumannWe're all frinkin' doomed The Mogambo GuruIn the long run, we're all dead John Maynard KeynesIf voting changed anything, they'd make it illegal Emma GoldmanTime flies like an arrow; fruit flies like a banana G. Marx

Don't look too close...The current WeathaIn mathematics you don't understand things. You just get used to them. Johann von NeumannWe're all frinkin' doomed The Mogambo GuruIn the long run, we're all dead John Maynard KeynesIf voting changed anything, they'd make it illegal Emma GoldmanTime flies like an arrow; fruit flies like a banana G. Marx